No never did buy it but thought about it. Been wat
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Posted On: 06/14/2022 9:04:38 PM
No never did buy it but thought about it. Been watching them for quite some time. Rather skeptic about crypto.
So if it takes electricity (lots of it) for processing power, HVAC, etc. to mine a bitcoin and the cost of electricity is always going up in price, why is this going down in price? Like you said, must be numerous reasons but it's not making sense to me.
Also, why are there so many of them. In addition to bitcoin, there are hundreds (maybe thousands?) of other coin tickers out there with some new coins hitting the market almost every day. Too much of something will dilute the market, causing what you have to not be worth as much. While it seems that they are able to create a crypto currency with any new name and it continues daily, I don't see this being a good thing.
So if it takes electricity (lots of it) for processing power, HVAC, etc. to mine a bitcoin and the cost of electricity is always going up in price, why is this going down in price? Like you said, must be numerous reasons but it's not making sense to me.
Also, why are there so many of them. In addition to bitcoin, there are hundreds (maybe thousands?) of other coin tickers out there with some new coins hitting the market almost every day. Too much of something will dilute the market, causing what you have to not be worth as much. While it seems that they are able to create a crypto currency with any new name and it continues daily, I don't see this being a good thing.
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